You Can Make Money, You Can Make Excuses, But You Can't Make Both!!!

By
Mortgage Banker with Branch Manager at PrimeLending NMLS#469258

How many times have you heard co-workers complaining about the markets, or the lender, the title company etc??? In today's Real Estate environment there is no time or place for excuse makers, we need reason finders. I run into this at least 5 times per week when I am out in the field. It really amazes me how unhappy some people are with what they do. I would think that if you do not like what you do you will not succeed, right? If you truly love what you do then you will be successful, I have always gone by this...the more people I help be successful then it will come back to me tenfold. So before you let that excuse come into your head make sure you think of how that decision will impact your paycheck. Check out my latest ongoing purchase..

So last week a friend of mine at another mortgage company calls me and asks I can help with a deal he has. I said sure, whats the situation? Well come to find out it is a purchase that should be pretty easy. Here comes the problem......I get a call from the Agent who tells me this loan has to close on 4/29! I did not even have a fully executed contract yet, I in return said probably not going to happen since I just got the file on the 4/15. I took a verbal beating about how she has another mortgage person who can do it...blah blah blah...I basically said then PLEASE give it to him. I do not understand why some agents think they can abuse the mortgage people? It makes really wonder how people like that make it in this business, The agents I work with are great, they know I will get the job done right. They do not have to call me and go crazy with all that nonsense. It makes really think that this agent is not doing the right thing for their client. Well everything is moving along and we will see what happens here, I will keep you informed.

Here is the moral of this story, the new agent I have never worked with before is already calling non-stop and saying all the things that should not be said. I think we all need to have realistic expectations of our business partners, the only person you are hurting through this RUSH process is your client! They will have a miserable experience and be very upset, even if the loan closes in that 2 week period , I will still look like the bad guy. Choose your partners wisely..

STAY TUNED.......

Patrick Chicklinski

 

 

 

 

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Topic:
ActiveRain Community
Location:
Oklahoma
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Rainer
11,325
Johnny Huja
Mary, you know I love you. I'm not mad. I'm just saying from credit to funding is not 10 business days. No hard feelings, just love and happiness.
April 27, 2010 08:44 PM
Rainmaker
1,240,650
Charles Stallions
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
Charles Stallions Real Estate Services

I'm happy with you closing in 6 weeks, but tell the truth. Don't tell someone they are qualified because your gut tells you so. Get the freaking paperwork and get an approval with only property conditions as an exception, that should be within 5 days.

April 27, 2010 10:07 PM
Rainer
11,325
Johnny Huja

Welcome to the nasty, filthy world of lending. People all across the U.S. are just now learning the secrets behind the financial industry and how the mortgage industry is delicately held together by worthless MBS security products sold on wall street which is dangerously on the verge of collapse especially since the Goldman Sachs scandal is brought to light.

For those who SUPPORT the financial reform thats about to happen, watch how much your clients will have to put down and see how high the interest rates go when the risk and cost of lending goes through the roof thanks to your beloved senators.

May 05, 2010 02:50 AM
Ambassador
619,569
Marilyn Boudreaux
Lake Charles LA Century 21 Realtor
Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s

Patrick, Oh my I am so glad you posted this!  I am married to a loan officer so I hear these stories daily and it embarrases me sometimes that my fellow Realtors act like children on the playground.  There is no loyalty in our industry and what Realtors should realize is the loan officer is our friend not our foe.  Just sit back and let the LO do their job, we are done once we write the contract and finish inspections.  Daily calls will not get anything done faster and bad mouthing a LO is a BIG no no... No one knows the circumstances that go along with each file and should not be discussing a deal with another LO anyway.   Nuff Said!  Thanks for speaking up I can tell you are a great Loan Officer!

May 27, 2010 11:19 PM
Anonymous #57
Anonymous
Abdul Levy

Who made this quote what was his or her name?

September 21, 2010 06:27 PM
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Rainmaker
39,698

Patrick Chicklinski

918-946-4218, NMLS # 469258
Buying or Building a New Home
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